Vinschool

BlockTree works with planting organizations/individuals to verify their programs. The initial launching project of the platform happened with a local family in Nui Thanh District, Quang Nam Province with sponsorship from Catalyst.

BlockTree platform was built to be easily used by any planting organization looking to develop, operate, and scale their reforestation projects anywhere. In parallel, the Sponsors can supervise the progress with transparency and receive e-certification as NFT issued by BlockTree.

Approximately 10% of the funding for tree planting goes to protecting the forest for the initial 3-5 years. This is the most vulnerable period in tree life. BlockTree also establishes buffer pools to cover any potential abnormal losses.

But BlockTree does not simply allocate funds. They work closely with the local communities/families in charge to showcase the great value of newly planted forests. Through education and by involving them in the monitoring and reporting process, they quickly develop a deep sense of ownership and pride over the trees, leading to effective management in the long run, keeping forests not just alive, but keeping them thriving.

Carbon accounting is highly challenging and accounting for carbon sinks is still an evolving practice till now.

Our current estimates are based on the estimation calculation from https://www.itreetools.org/. The data is estimated with the same species & climate conditions. The following variables are taken into consideration when we estimate carbon sequestration rate: i) species planted (including maturity age of the tree species), ii) forest type, iii) region and iv) average tree survivability.

When primary data are not available, as a general rule of thumb, BlockTree uses a conservative set of secondary data, proxy data, or assumptions to ensure that we are not overestimating the carbon sequestration rate resulting from our projects. Moreover, we use data collected at the site-level to validate or adjust our estimations and we will continue to improve our estimation method by building partnerships with academics in this space.

Source: Jones, Trevor G., Harifidy Rakoto Ratsimba, Lalao Ravaoarinorotsihoarana, Garth Cripps, and Adia Bey. “Ecological variability and carbon stock estimates of mangrove ecosystems in northwestern Madagascar.” Forests 5, no. 1 (2014): 177-205. Benson, Lisa, et al. Mangrove Carbon Stocks and Ecosystem Cover Dynamics in Southwest Madagascar and the Implications for Local Management, Multidisciplinary Digital Publishing Institute, 31 May 2017, https://www.mdpi.com/1999-4907/8/6/190/pdf.